Parent PLUS loans are federal loans that are issued to parents of eligible dependent undergraduate students. These loans have specific repayment options that have changed as of July 2026, when the One Big Beautiful Bill Act went into effect.
Below, we'll outline that plans available to you based on your loan history. If you're unsure which category you fall into, please reach out to Summer or your loan servicer.
Parent PLUS loans that have not been consolidated but were borrowed before July 1, 2026:
- Standard repayment plan: The Standard plan is made up of equal monthly payments over a ten year period.
- Non-income driven repayment plans: These plans can increase the lifetime of your loan (Extended plan) or use a step ladder approach, where your payment increases at regular intervals (Graduated plan.)
Parent PLUS loans that were consolidated before July 1, 2026:
- Standard repayment plan: The Standard plan is made up of equal monthly payments over a set period, this timeline is determined by the loan's balance.
- Non-income driven repayment plans: These plans can increase the lifetime of your loan (Extended plan) or use a step ladder approach, where your payment increases at regular intervals (Graduated plan.)
- Income driven repayment plans: Borrowers can make one payment under the Income-Contingent Repayment (ICR) plan before the loan(s) can be switched to the more affordable Income-Based Repayment (IBR) plan.
Parent PLUS loans that were borrowed OR consolidated after July 1, 2026:
- Tiered Standard repayment plan: The Tiered Standard plan will be made up of equal monthly payments over a ten to twenty-five-year timeline, depending on the original balance.